Shuangyang Company is supported by innovation funds

A key component improvement, the private technology enterprise specializing in the production of diamond tools - Quanzhou Luojiang District Shuangyang Diamond Tools Co., Ltd. has achieved rapid development in recent years, and its products are sold to more than ten countries in Europe, Southeast Asia and so on.

The success of Shuangyang Company is supported by the National Science and Technology SME Technology Innovation Fund (referred to as the National Innovation Fund). In 2006, under the active recommendation of the Provincial Science and Technology Department, Shuangyang's “Highly Efficient and Durable Diamond Saw Blade” was supported by the National Innovation Fund of RMB 550,000. In 2007, the project was listed as a national Torch Plan industrialization. project. After the application of this project, the processing ability and speed of the stone are improved, and the damage to the stone is avoided. At the same time, the processing precision of the stone and the utilization rate of the stone resources are improved, the cost of the equipment parts is reduced, the maintenance time is saved, and the production cost is lowered.

Since the implementation of the project, it has realized an annual sales income of more than 23 million yuan, an industrial added value of 8.3 million yuan, a net profit of 2.5 million yuan, and a tax payment of 2.3 million yuan. In 2008, Shuangyang Company's sales revenue exceeded 50 million yuan, which was 1.76 times that of the project.  

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